The Directors are pleased to announce that Revetec have agreed to assist Peus in the development and manufacture of a range of Combined heat and  Power Generation Units based upon our current prototype.

Germany is the hub of the Cogeneration Industry and is the subject of significant government incentives. Currently 12% of all residential power is generated by Heat and Power generation Units. The German government has set a target to increase this percentage to 25 % by the year 2020 and to eventually peak at approximately 60% by 2050. Peus has a very distinguished client base which includes Ford, Renault, Porsche, Daimler, Seat, Volkswagen and Audi. We consider them to be an excellent partner as they have all the relevant technical and financial resources to bring a product range to the world  market.

All terms including licensing fee rates have been discussed and agreed upon.

The agreement has now been signed and received by both parties.

This contract represents a milestone for our shareholders. We propose to pursue several other opportunities in Germany, India and China during the course of the next 12 months as we prepare the company for relisting on a more appropriate stock exchange.